How to cover diamond ring

by Guest » Wed Sep 14, 2011 06:22 am
Guest

I just got engaged and I'm worried about losing my pricey diamond ring. Does my home insurance cover it or should I buy a separate insurance to protect it?

Total Comments: 2

Posted: Wed Sep 14, 2011 07:39 am Post Subject:

Most probably your ring is covered by your homeowners policy up to some extent but not fully depending on its value.

Firstly you’ll need to get your ring appraised by a certified jeweler. After that depending on its value, you may choose to buy a floater as an add-on to your home insurance, for proper coverage. Or you may even buy a special policy meant for jewelry and valuable movable property.

Posted: Fri Sep 23, 2011 06:33 am Post Subject:

You can insure diamond ring with the help of "rider" which is an extension for your home owner's policy. Home policy covers your assets but to a certain extent, you have to take additional coverage for pricey objects.

sap erp financials

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